Stand-Up India Scheme - MSME Loan / SME Loan Government Schemes | SBI - Business

 Stand-Up India

• Implementing Ministry :  Department of Financial Services (DFS), Ministry of Finance
• Portal : https://www.standupmitra.in/
• Target Group : Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and woman borrower
• Purpose : For setting up a new enterprise in manufacturing, trading, or services sector, allied activities by SC/ST/Women entrepreneur.
• Loan Quantum : Composite loan (inclusive of term loan and working capital) above 10 lakh and upto 100 lakh.
• Margin : The Scheme envisages 15% margin money which can be provided in convergence with eligible Central / State schemes.
• Repayment : The loan is repayable in 7 years with a maximum moratorium period of 18 months.
• ROI : EBLR+3.25% (9.15% + 3.25% = 12.40% with effect from 15.02.2023)
• Int Subvention :  NIL
• Credit Guarantee : CGSSI – Max of 80%